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A quantitively-driven strategy emphasizing low beta stocks. Stocks are first screened to remove those that score poorly on financial and growth measures. Those stocks that remain are then ranked according to their beta. In 1972, Fischer Black published an academic paper describing how the security market line (the line equating stock performance to systematic risk) was too flat relative to what existing theory (Capital Asset Pricing Model, or CAPM) had proposed. Stocks with low betas performed better than what was predicted by the CAPM and stocks with high betas did not perform well enough to justify their additional risks.
Etc 6 Meridian Low Beta Equity Strategy ETF trades on the ARCA stock market under the symbol SIXL.
As of December 24, 2025, SIXL stock price climbed to $37.28 with 1,542 million shares trading.
SIXL has a market cap of $191.04 million. This is considered a Micro Cap stock.
In the last 3 years, SIXL traded as high as $39.47 and as low as $29.67.
SIXL has underperformed the market in the last year with a return of +2.2%, while the SPY ETF gained +17.3%. In the last 3 month period, SIXL fell short of the market, returning +1.9%, while SPY returned +4.4%. However, in the most recent 2 weeks SIXL has outperformed the stock market by returning +2.5%, while SPY returned +1.4%.
SIXL support price is $36.89 and resistance is $37.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SIXL shares will trade within this expected range on the day.
